Price pressures easing ‘substantially’ as profits jump, says Tesco

Tesco has said price pressures have eased “substantially” as the supermarket giant revealed a jump in profits.

However, the UK’s largest grocery firm said it still saw “sticky” inflation on popular items such as chocolate, potatoes and coffee.

Tesco also revealed it will hand out about £300 to each of its full-time workers in a “thank you” bonus following the bumper